Pearls Oyster Bar Inc
How we got $813K
Based on its 62 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Signs of a sale High sell likelihood
- In business 52 years (since 1974)
- Founder still runs it after 52 years
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Pearl's Oyster Bar is a seafood restaurant in Oklahoma City's Belle Isle area offering a fusion of Creole, Southwest, Asian and Mediterranean influences. It also hosts private parties and sells gift cards for its restaurant group.
From the company's website. Industry: Restaurants.
Estimated value over time
▲ 20% since 2021Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| PEARLS OYSTER BAR INC this business | $4.3M | — |
| PEARL'S OYSTER BAR, INC. Oklahoma City · 64 employees | $4.0M | 0.0 mi |
| Tucker's Onion Burgers Oklahoma City | $990K | 0.1 mi |
| JP JUICE LLC Oklahoma City · 9 employees | $1.3M | 0.2 mi |
| Tamazul Oklahoma City | $990K | 0.2 mi |
| SusieCakes Oklahoma City | $990K | 0.2 mi |
| Matthew Kenney Oklahoma City | $990K | 0.2 mi |
The full calculation
| Employees reported to the SBA | 62 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.9M |
| Estimate: the two combined (geometric mean) | $4.3M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $387K |
Brought up to date: prices are 10% higher than in the benchmark's year and Oklahoma employment in this industry has grown 1% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $813K |
| Multiple for this size and industry | 2.1× |
| Value range | $488K – $1.3M |
| Revenue range | $3.2M – $5.6M |
| EBITDA range | $290K – $503K |
| Industry (NAICS) | Full-Service Restaurants (722511) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
“Paul Seikel founded Pearl’s Restaurant Group over three decades ago out of a passion for high quality seafood and a desire to create a unique and fun dining experience.”
Leadership
- SGSteve GriffinPresident/COO · Company website · source
- SPShavonda PickettVP/CFO · Company website · source
Advisors
- BankingFirst Fidelity BankPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| First Fidelity Bank PPP 2021 | All 940 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 1/21/2021 | second | $408K | 62 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Pearls Oyster Bar Inc
Pearls Oyster Bar Inc is a restaurants company in Oklahoma City, Oklahoma, in business since 1974. It is owned by Paul Seikel (CEO/Founder). Its estimated annual revenue is about $4.3M, with roughly $387K of EBITDA. It has about 62 employees. Its estimated business value is $813K (likely range $488K–$1.3M).
Common questions
- Who owns Pearls Oyster Bar Inc?
- Pearls Oyster Bar Inc is owned by Paul Seikel (CEO/Founder), according to public sources such as the company's website or filings.
- How much revenue does Pearls Oyster Bar Inc make?
- SeeBITDA estimates Pearls Oyster Bar Inc's annual revenue at about $4.3M (likely between $3.2M and $5.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Pearls Oyster Bar Inc worth?
- About $813K, roughly 2.1× its estimated EBITDA of $387K, typical for a restaurants company its size. Likely range: $488K–$1.3M.
- How many employees does Pearls Oyster Bar Inc have?
- About 62, as reported on its PPP loan.
- When was Pearls Oyster Bar Inc founded?
- Pearls Oyster Bar Inc has been in business since 1974.
- Is Pearls Oyster Bar Inc for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 52 years (since 1974); founder still runs it after 52 years; no family successor named on its website.